Related Words

Conforming Loans: Loans which conform to Fannie Mae guidelines.

Non-Conforming Loan: A mortgage loan that does not meet Fannie Mae and Freddie Mac underwriting guidelines. Non-conforming loans are available as both fixed and adjustable rate mortgages.

Rural Multifamily Housing Loans: Section 515 loans are available through the Rural Housing Service for providing rental housing for low- and moderate-income families in rural areas, and for congregate housing for the elderl . . . View Full Definition

Section 502 Loans: A rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing . . . View Full Definition

Rural Home Repair Loans And Grants: Section 504 Loans and grants are available through the Rural Housing Service to lower income rural homeowners for making repairs.

Rescheduled Loans: Bank loans that are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments.

Section 504 Loans And Grants: A USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qu . . . View Full Definition

Rural Home Loans: Section 502 loans are available through the Rural Housing Service to low- and moderate-income rural households to purchase and repair single-family homes.

Section 515 Loans: A USDA rural housing program authorized under Section 515 of the Housing Act of 1949. The Rural Housing Service is authorized to make loans to provide rental housing for low- and moderate-in . . . View Full Definition

Site Loans: Section 523 loans and Section 524 loans are for acquiring and developing land for low- and moderate-income rural residents.